WILL EVERGREEN SOLAR TRIPLE IN VALUE?

Evergreen Solar: Strong Call Action
David Russell, July 2, 2009 (Seeking Alpha)

"Evergreen Solar [rallied] on a big upgrade from JP Morgan, and at least one trader is betting that it will more than triple by late this year.

"optionMONSTER's Heat Seeker monitoring system detected the purchase of 1,500 December 7.50 calls against open interest of 106 contracts. The transaction was broken into two pieces executed at $0.15."

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View the full ESLR chart at Wikinvest

"ESLR is up… after being upgraded from "underweight" to "overweight" by analyst Christopher Blansett, who said the solar energy company's performance may start surprising to the upside. ESLR has ranged between $1 and $3 since mid-January and is down more than 70 percent in the last year.

"Traders also piled into the August 2.50 calls, which traded 1,931 times against open interest of 1,070 contracts. The selling was divided between buyers taking new long positions and sellers who are probably taking profits and writing options against holdings in the stock."

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View the full ENER chart at Wikinvest

"Call volume in the name exceeded puts by 19 to 1, reflecting the bullish sentiment.

"Options trading also heated up in Energy Conversion Devices, which JP Morgan initiated with an "overweight" rating. Call volume in ENER was about twice average and outnumbered puts by almost 5 to 1. The stock is trading up 7.4 percent…"